Stamp Duty Calculator
In December 2014 significant changes in the way stamp duty is levied were made.
The system means that, in the same way as income tax, rates apply only to the part of the property price that falls within each band when it is bought.
From 4 December 2014, this means:
Buy-to-let landlords and people buying second homes will have to pay more in stamp duty, the chancellor confirmed in the March 2016 budget. From April 2016, those in England and Wales will have to pay a 3% surcharge on each stamp duty band.
1st time buyers relief is now available to purchase a property for £500,000 or less, provided the first time buyer intends to occupy the property as their only or main residence. (updated Autumn 2017)
A stamp duty calculator has been created by HM Revenue and Customs which also includes the surcharge on second homes.